President Trump Pulls out of Trans Pacific Partnership Deal

President Donald Trump is beginning his presidency by withdrawing from the Trans-Pacific Partnership deal. His executive order comes days after a rough first weekend, where he feuded with the press and faced massive protests in response to his election. Former President Obama was a strong advocate for the trade deal, which was never ratified in the U.S. This is his first step in reshaping American … Continue reading President Trump Pulls out of Trans Pacific Partnership Deal

Chipotle expected to post first ever loss

After facing a major ecoli crisis and instituting new food safety protocols has hurt Chipotle’s bottom line and image. Along with the food safety crisis, Chipotle’s attempts at winning back customers through free food has cost the company millions. Chipotle is expected to announce its first loss ever, nearly $30 million. Chipotle will have lost three years of earnings between fiscal year 2014 and fiscal … Continue reading Chipotle expected to post first ever loss

Uber settles $25M lawsuit over driver safety

Ridesharing company Uber has agreed to pay $25 million to settle a lawsuit by Los Angeles and San Francisco alleging the company misled customers about its safety. The settlement sends a message that laws designed to protect consumers cannot be ignored. The suit was brought by San Francisco District Attorney George Gascón and Los Angeles District Attorney Jackie Lacey. San Francisco-based Uber will cease claiming … Continue reading Uber settles $25M lawsuit over driver safety

Alaska Airlines nearing deal with Virgin America

Deal would be first airline merger since 2013 Alaska Airlines is expected to buy Virgin America very soon. Alaska’s purchase of Virgin America would amount to $2 billion. An announcement is expected to be made on Monday. The purchase would be the first U.S. commercial airline merger since U.S. Airways and American Airlines combined in 2013. It would boost the size of Alaska Air’s home … Continue reading Alaska Airlines nearing deal with Virgin America

Apple & DOJ go head-to-head in Congressional Hearing

WASHINGTON, March 1, 2016 – Tech giant Apple will face off against the FBI over refusing to decrypt a terrorist’s encrypted iPhone. FBI Director James Comey and Apple’s general counsel, Bruce Sewell is testifying in front of a House Judiciary Committee hearing. Comey has said the FBI’s request would only impact the cell-phone belonging to San Bernardino terrorist Syed Farook. Apple continued towarn the committee … Continue reading Apple & DOJ go head-to-head in Congressional Hearing

Vizio facing more lawsuits over data collecting abuse

Vizio, the company best known for its cheap TVs, is now facing a major lawsuit over their recently revealed data collection practices. And it doesn’t seem as if the controversy is going to blow over in a jiffy. On the contrary, as first reported by Consumer Reports, it has boiled over into court. While that site only referred to a single lawsuit in its report, turns … Continue reading Vizio facing more lawsuits over data collecting abuse

Feds arrest four in connection to JPMorgan Chase data breach

Federal authorities announced on Tuesday that four people in Israel and Florida were arrested in suspicion of being connected to recent computer hacks of JPMorgan Chase and other financial institutions. The suspects in question were not tied to JPMorgan’s data breach in 2014, which compromised millions of personal accounts. Court documents show that some of the suspects are suspects in the hack. Department of Justice … Continue reading Feds arrest four in connection to JPMorgan Chase data breach

A Shrinking Middle Class: Where Is Our Money Going?

The middle class is roughly defined as households that earn between 67% and 200% of their area’s average income. This is a wide spread, but even so, the number of people who are within this group are shrinking. Even worse, as cost of living rises while wages remain stagnant, the middle class is struggling more than ever just to keep bills paid. The security once … Continue reading A Shrinking Middle Class: Where Is Our Money Going?

IRS welcoming hackers to steal 350M people’s personal info

The Government Accountability Office released a scathing report revealing that the IRS system is easy to hack by anyone but especially by current and ex-IRS employees. The GAO is a non-partisan agency that is in charge of the federal government’s use of taxpayer money. As a result of their investigation they have revealed many security flaws within the IRS financial reporting systems. This has worried … Continue reading IRS welcoming hackers to steal 350M people’s personal info

President Obama’s budget proposal includes $478 billion public works program

On Sunday it was announced that President Obama on Monday will send a $4 trillion dollar budget to Congress, which will include a questionable $478 billion public works program for highway, bridge and transit upgrades. According to White House officials, the funding for the program will come from a one-time 14% transition tax on the up to $2 trillion dollars of untaxed foreign earnings that … Continue reading President Obama’s budget proposal includes $478 billion public works program